How does a bank that serves advisors and mortgage brokers work for you? By giving you a choice – because we believe that everyone should have access to professional financial advice.
Our Cheque Hold Policy has changed. Effective January 18, 2019, instruments in Canadian dollars deposited and withdrawn in Canada, are held for a maximum period of five (5) business days after the day of deposit, when deposited at an ATM, mailed or delivered to us. Please read the Cheque Hold Policy for full details.
How can we help?
Your advisor or mortgage broker is there for you no matter what stage of life you're in. Whether you're just getting started or getting ready for retirement, you can benefit from working with a financial professional to meet your goals. Select your interest and see what you should consider asking your advisor or mortgage broker about.
While we offer many of the same products as other banks, B2B Bank is different. We believe in the power of professional financial advice, and because of that, our products and services are available exclusively through financial advisors and mortgage brokers. Tell us what you're interested in learning more about.
At a glance
If you're looking to borrow money to invest in a wide variety of funds from leading mutual fund and insurance companies, our loans allow you to do just that. Ask your advisor about our:
- Investment Loans
- RSP loans
- TFSA loans
On the other hand, if it's having access to funds for other purposes, we can help with that too.
- Personal line of credit
Whether you meet traditional lending criteria or have unique circumstances, we offer one of the most complete ranges of mortgages and lines of credit out there. Ask your mortgage broker to recommend a solution to meet your needs.
- Residential mortgages
- Rental mortgages
- Vacation/secondary home mortgages
- Business-for-self mortgages
- Home equity line of credit
Diversify your investments and consolidate plans from various financial institutions with our registered plans and non-registered investment accounts offered by B2B Bank and B2B Bank Dealer Services. Interested in getting started? Speak with your advisor.
- High Interest Investment Account
- Non-Registered Investment Account
- Tax Free Savings Accounts (TFSAs)
- Registered Retirement Savings Plans (RRSPs)
Earn interest and build your savings. Our high interest savings account combines attractive interest rates with flexible account options. Speak with your advisor to learn more.
- High Interest Savings Account
How to find an advisor/mortgage broker
If you're interested in any of our products, the first step is to find an advisor or mortgage broker who understands your financial needs and can capably assist you with your long-term goals.
If you're already working with a financial professional, talk to them to see if B2B Bank is a good match as your financial services provider. If you're still looking for the right professional and are not sure where or how to begin, here are a few things you may wish to consider.
Do your homework.
Depending on your level of knowledge regarding financial products and investing in general, there are different types of professionals and associations that can assist you:
- Mutual fund or investment advisors, financial planners, brokers, etc.
- Mutual Fund Dealers Association (MFDA), Autorité des Marchés Financiers (AMF) or the Investment Industry Regulatory Organization of Canada (IIROC).
- Advocis (The Financial Advisors Association of Canada), IFB (Independent Financial Brokers of Canada), RDBA (Registered Deposit Brokers Association), MPC (Mortgage Professionals Canada), CAILBA (Canadian Association of Independent Life Brokerage Agencies).
- Your provincial securities commission or provincial and territorial insurance regulators.
Ask for recommendations from people you know and trust.
Word of mouth is sometimes the best source of information.
Identify your candidates.
Once you have a list of potential candidates, meet with them individually to assess whether they are a good fit for your needs.
What's the bottom line for you?
Choosing a financial professional is not an easy task but when you find one that you can trust, it's the first step towards realizing your financial goals.
Tips / Did you know
It's easy to get wrapped up in every fact, figure and detail of financial planning. Let your advisor worry about that. Here are a couple of big picture ideas for you to consider about your personal finances.
The money pie.
Ever wonder how much of your income you should be setting aside for saving, housing and general living expenses?
The money pie
Ever wonder how much of your income you should be setting aside for saving, housing and general living expenses? A good rule of thumb is:
- 35% on housing (mortgage/rent, repairs, taxes, utilities, insurance)
- 15% on debt (student loans, credit cards, personal loans)
- 15% on transportation (car payments, gas, insurance, repairs, parking, public transit)
- 25% on other living expenses (restaurants, vacations, entertainment, clothing)
- 10% on savings
Of course, everyone has different goals and priorities and that's why it's important to work with your advisor for your specific circumstances. You should also revisit this as you age and your life stage changes.
The calculations shown are for illustration purposes only. Actual rates and amounts may differ. B2B Bank cannot be held responsible for the accuracy of the calculation performed or the amounts indicated.
The credit report.
Do you know what your credit score is? Why is it important and how often should you be checking it?
The credit report
Your credit score is a statistical assessment that helps lenders know whether you are a credit risk or whether you are credit worthy. It can impact your loan applications, your interest rate and may even impact your job search. That’s why it’s a good idea to know what your number is, how to improve it, and then keep your eye on it – many experts think you should check it twice a year.
What are some factors that affect your credit score?
- Length in the file – the longer you successfully manage credit, the better
- Number and types of accounts (e.g. loans, lines of credits, credit cards, etc.)
- Residence status
- Derogatory information (e.g. late payments)
- Requests for new credit
- Level of utilization of available credit
Your advisor or mortgage broker can help you improve your credit score. Speak with them today.
About B2B Bank
As a subsidiary of Laurentian Bank of Canada, B2B Bank is proudly 100% Canadian, and we have an independent spirit – much like the financial advisors and mortgage brokers we work with.
We’re dedicated to you and your advisor because we strongly believe that all Canadians should have access to independent financial advice.
So while we don’t sell our banking services directly to you like other banks – we are working hard behind the scenes so your advisor can offer you the products and services you need to reach your financial goals.
1MRS Group of Companies included M.R.S. Inc., M.R.S. Securities Services Inc., M.R.S. Correspondent Corporation, and M.R.S. Trust Company.
To learn more about whether a B2B Bank product is right for you, work with your financial advisor or mortgage broker.
For day-to-day inquiries about the products you have with us, speak with one of our knowledgeable and friendly Client Service Representatives from Monday to Friday between the hours of 8:00 a.m. and 8:00 p.m. ET.
199 Bay Street, Suite 600
PO Box 279 STN Commerce Court
Toronto, ON M5L 0A2
B2B Bank Dealer Services
199 Bay Street, Suite 610
PO Box 35 STN Commerce Court
Toronto ON M5L 0A3
B2B Bank is a wholly-owned subsidiary of Laurentian Bank of Canada. B2B Bank does not provide investment advice to individuals or advisors and does not endorse or promote any investment product. Dealers, advisors, and brokers - not B2B Bank - are responsible for determining the suitability of investments for their clients and for informing them of the risks of investing (including, where relevant, the risks of borrowing to invest).
With respect to investment loans, B2B Bank acts solely in the capacity of lender and loan account administrator. Mortgages are funded by, and registered in the name of, B2B Bank. All mortgages, loans, and lines of credit are subject to credit approval; with respect to investment loans, borrowed monies are due and payable regardless of the performance of the investments purchased.
Individuals should consult qualified tax specialists. With respect to deposits, B2B Bank acts in the capacity of deposit account administrator. The B2B Bank High Interest Investment Account is sold exclusively through licensed financial advisors and requires a Distribution Agreement with B2B Bank.
®B2B BANK, B2B Bank HIIA and B2B HISA are registered trademarks of B2B Bank.